Portfolio analysisYou have been given the expected return data shown in the first table on three assets F, G, and Hover the period 2016-2019:

Expected Return
Year	Asset F		Asset G		Asset H
2016	10%		11%		8%
2017	11%		10%		9%
2018	12%		9%		10%
2019	13%		8%		11%

.

Using these assets, you have isolated the three investment alternatives shown in the following table:

Alternative		Investment
1		100% of asset F
2		50% of asset F and 50% of asset G
3		50% of asset F and 50% of asset H

.

a.Calculate the expected return over the 4-year period for each of the three alternatives.

b.Calculate the standard deviation of returns over the 4-year period for each of the three alternatives.

c.Use your findings in parts a and b to calculate the coefficient of variation for each of the three alternatives.

d.On the basis of your findings, which of the three investment alternatives do you recommend? Why?